• Argosy Minerals raises capital

    Argosy Minerals Limited announced that it has received binding commitments for a share placement to raise $800 000 before costs. 

    The new shares will be issued at a price of 3 cents, which represents the last traded price prior to the Company's trading halt on 20 May 2016.

    Under the Plac..
  • Cardinal Resources completes second tranche placement

    Cardinal Resources Limited announced that it has allotted 6 416 670 fully paid ordinary shares at $0.12 per share following the approval at the General Meeting of Shareholders. 

    The Company now has 222 074 697 fully paid ordinary shares and 117 587 039 options exercisable at $0.15 on or before 30 September 2019.
  • Oklo Resources welcomes new investors

    Oklo Resources Limited received firm commitments from sophisticated and institutional investors to subscribe for a placement of 80 million ordinary shares at an issue price of $0.125 per share to raise gross proceeds of $10 million. 

    The raising was significantly oversubscribed with strong demand from both domestic and inte..
  • Metals of Africa places shares

    Metals of Africa Limited has announced an oversubscribed Placement to qualified institutional and sophisticated investors to raise AUD4 million (before costs) through the issue of 72.7 million fully paid ordinary shares in the Company at a price if AUD0.055 per share. 

    The issue price for the Placement requests a 15.6% disc..
  • Botswana Diamonds raises capital

    Botswana Diamonds Plc has  raised £500 000 (before expenses) via the placing of 33,333,333 new ordinary shares with new and existing investors at a price of 1.5pence per Placing Share. 

    The Placing Shares represent approximately 9.9% of the Company's issued share capital as enlarged by the Placing.
  • Shanta Gold to raise capital

    Shanta Gold Limited announce its intention to conduct a conditional placing of new ordinary shares to raise approximately $10.0 million (£6.9 million).

    The price at which the Placing Shares are to be placed (the "Placing Price") will be at 6.5 pence per Placing Share. The Placing is being conducted through an accelerated boo..
  • Sierra Rutile places shares

    Sierra Rutile Limited has successfully raised $20.0 million by way of a placing of 70,052,539 new Ordinary Shares with both new and existing institutional investors.

    The Placing was oversubscribed. The net proceeds of the Placing will be used to provide additional working capital and financial flexibility, to enable the Company to continue to imp..
  • West African Resources raises capital

    West African Resources Limited has received commitments to raise up to $12.5 million through a placement of up to 100 million shares at a price of $0.125 per share. 

    The Company received over whelming demand from international and domestic institutional investors, as well as strong support from a large number of existing sh..
  • Birimian Gold commences with Field Work

    Birimian Gold Limited announced that it has been granted an exploration permit covering areas previously applied for within the Bougoni Lithium Project located in Mali. 

    This milestone secures a large area (250km²) of highly lithium prospective tenure under one title owned 100% by the Company. The Project hosts the high-gr..
  • Elemental Minerals completes Placement

    Elemental Minerals Limited has completed the remaining balance of the AUD2.44m placement announced on 12 February 2016. 

    In addition, the Company has further raised $0.36m through the issue of 1.8m fully paid ordinary shares at AUD0.20 from unrelated sophisticated and institutional investors. The funds raised will be used t..
  • Stellar Diamonds raises capital

    Stellar Diamonds Plc  has conditionally raised 600,000 before expenses through an equity issue, in addition to realising approximately $300,000 through a sale of diamonds from its Baoul project in Guinea.

    The Company announces that it has conditionally raised 600,000 before expenses, through a placing of 4,400,000 new ordinary shares ..
  • Canyon Resources raises capital

    Canyon Resources Limited has completed a $700 000 capital raising through the placing of 14 million shares to sophisticated and professional investors. 

    The raising was placed at 5 cents per share with 1 attaching unlisted option for every share issued. The unlisted oprtions are exercisable at 6 cents each and expire 29 Sep..
  • Sula Iron and Gold raises funds through subscription

    Sula Iron and Gold Plc announced that it has conditionally raised 190,000 from Jub Capital Limited, by way of a conditional subscription by Jub Capital for 118,750,000 new ordinary shares of 0.1p each in the capital of the Company at a price of 0.16p per Subscription Share.

    Jub Capital is an existing institutional investor and was ..
  • Elemental Minerals to raise A$4.1 million

    Elemental Minerals Limited has received commitments to raise A$4.1 million through the issue of 20.5 million fully paid ordinary shares at A$0.20 from unrelated sophisticated and institutional investors. 

    Funds raised will be used to supplement the Companys working capital and allow the continuation of the process of compl..
  • DiamondCorp announces open offer

    DiamondCorp Plc has launched an open offer of up to 20 894 263 new ordinary shares at 10 pence per share to eligible shareholders.

    The open offer is not being underwritten but assuming the shares are fully subscribed to, the Company expects net proceeds of GBP2.0 million.

    The pr..
  • Viking Mines executes sale contract

    Viking Mines has executed a sale contract for its Akoase gold project located in Ghana for AUD10 million to the owner of the Sian gold project located 12 kilometres from Akoase. 

    The sale comes after a selective tender process that was conducted over several months by Vikings corporate adviser Emerald Partners to secure an..
  • Sipa Resources completes detailed gravity survey

    Sipa Resources Limited has completed the detailed gravity survey to map the structure and extent of the ultramafic intrusion at Akelikongo prospect in Uganda and surrounding areas. 

    Gravity survey results show evidence of ultramafic intrusive complex connected with the common nickel copper sulphide mineralisation.
  • Tawana Resources receives Environmental Permit

    Tawana Resources NL has been awarded an Environmental Protection Agency permit for its recently acquired and wholly-owned southern exploration license MEL1223/14 in Liberia.

    The permit, which is a legal requirement under Liberian regulations, will allow the Company to advance with field exploration activities.
  • Erin Energy enters into an off-take and pre-payment agreement

    Erin Energy Corporation has agreed to heads of terms on a commercial agreement with an embedded prepayment element with Glencore Energy UK Limited.

    The off-take contract would allow Glencore Energy to undertake the lifting of Oto crude from the Floating Production Storage and Offloading Armada Perdana for a minimum term of two years..
  • SaCoil reports a strong cash balance of R229.4 million

    SaCoil Holdings Limited has released its preliminary audited results for the year ended 28 February 2015.

    The Company implemented a revised business turnaround strategy to ensure that the future business activities of the Group are focused on exploration and production, with an income-producing asset.
  • Oakbay Resources & Energy expects an increase in earnings

    Oakbay Resources & Energy Limited has released its trading statement for the year ended 28 February 2015.

    The Company expects a loss attributable to equity holders of the parent and Headline Loss attributable to ordinary shareholders for the year ended 28 February 2015 of between R35 million and R40 million, an improvement o..
  • Jubilee Platinums surface projects are progressing rapidly

    Jubilee Platinum Plc has secured additional interim funding to ensure that current business development activities and the platinum surface processing projects continue to operate at optimum levels. 

    The platinum surface projects continue to progress with the design phase having been executed and the principal engineering c..
  • Aura Energy submits application to extend exploration permit in Mauritania

    Aura Energy Limited has made an application for a mineral exploration permit over an area of 224 kilometre2 which joins to the south of its Hippolyte uranium resource in Mauritania.

    The Company reported that the area has recently become available and they are confident that the permit will be granted.
  • Cardinal Resources raises over $1.1 million for new drilling campaign

    Cardinal Resources Limited has placed 15 384 616 fully paid ordinary shares at 6.5 cents each with a free listed option attached.

    The option is exercisable at AUD0.15 on or before 30 September 2019 for every share subscribed for, to raise AUD1 000 000.

    In addition, the Companys..
  • Argonaut Resources recommences drilling at Lumwana West

    Argonaut Resources NL has recommenced with a 2000 metre diamond core drilling programme over four prioritised targets at its Lumwana West copper project in Zambia.

    Approximately 600 soil samples will be collected north of Kamafamba prospect in an area with encouraging structural geology.

  • Avocet Mining releases Q1 2015 results

     Avocet Mining Plc has released its Q1 2015 production and cash costs update.

    The Company reported total gold production of 17 011 ounces for the quarter at a cash cost of $1 113 per ounce, in comparison to total gold production of 19 503 ounces at a cash cost of $1 052 per ounce produced in the Q4 2014.
  • Caledonia Mining updates on resource base

    Caledonia Mining Corporation has announced an increase and an upgrade of its resource base at its Blanket Mine in Zimbabwe.

    The Company reported that it has been possible to upgrade 491 000 tonnes from the Inferred to Indicated Resource categories to add 47 000 tonnes of new inventory to Indicated Resource based on the drilling that..
  • Keaton Energy makes changes to the Board

    Keaten Energy Holdings Limited has announced that following his resignation from the Gunvor Group, Non-Executive Director, JHM Schurink has notified the Board of his intention to resign, with effect from 30 June 2015.

    The Board thanks Schurink for his contribution over the past year.

  • Tawana Resources and WISCO CAD enter into a MoU

    Tawana Resources NL has entered into a non-binding Memorandum of Understanding with WISCO CAD Mining Company Limited, relating to the access and use of the WISCO CADs port facilities in Liberia.

    Both parties are entering negotiations with the aim of finalising a definitive cooperation agreement for the use of the current existing w..
  • South African Coal Mining Holdings announces new appointments

    South African Coal Mining Holdings Limited has announced the appointments of Christopher Dhlamini and Joseph Mokgokong as Independent Non-Executive Directors to the Board of Directors with immediate effect. 

    Dhlamini is a qualified Chartered Accountant with over 30 years of experience in auditing public entities in African ..
  • Amara Minings Pre-Feasibility Study confirms robust financial results

    Amara Mining Plc has announced the results of the National Instruments 43-101 compliant Pre-Feasibility Study conducted for its Yaoure Gold project located in Cte d'Ivoire.

    The Companys Pre-Feasibility Study confirms that Yaoure is an outstanding gold development project, which increases confidence in the deposit and lowers i..
  • Stratmin Global Resources achieves 94.3% carbon in graphite production

    Stratmin Global Resources Plc has achieved an overall average carbon grade of 94.3% in graphite production at Lohorano in Madagascar, which was carried out over an eight day period.

    The plant at Lohorano was taken through various performance improvements since commissioning and is currently producing at grades in excess of 94% carbo..
  • Walkabout Resources confirms high grade graphite at Lindi Jumbo project

    Walkabout Resources has confirmed high grade assay results of up to 44% of Total Graphitic Carbon at its Lindi Jumbo Graphite project located in Tanzania.

    The 26 grab and dig samples across the substantial outcrop areas and pits on three of the four licences covered a strike distance of some 25 kilometres.
  • Mozambi Resources set to acquire two prospective graphite licenses

    Mozambi Resources Limited has extended the exclusivity period of the Term Sheet relating to the negotiations surrounding the sale and transfer of two prospective graphite licenses in Mozambique.

    The Company has signed a variation of the Term Sheet whereby the exclusivity period is extended by nine months following the execution of t..
  • Coal of Africa granted Mining Right for its Makhado project

    Coal of Africa Limited has been granted a New Order Mining Right in terms of the Mineral and Petroleum Resources Development Act for its flagship Makhado hard coking and thermal coal project in Limpopo Province. 

    The mining right was granted by the Department of Mineral Resources, which also granted the Company Section 11 a..
  • Bounty Oil and Gas JV operator issues a competent persons report

    Bounty Oil and Gas NL has announced that its joint venture operator, Aminex Plc, has issued a Competent Persons Report of its Tanzanian assets.

    The report contains a detailed technical evaluation of the Tanzanian assets held by Bounty Oil and Gas in the joint venture with Aminex and others as well as attributes Contingent Resources..
  • Kibaran Resources testwork determines superior graphite quality

    Kibaran Resources Limited has announced the results of its recent testwork designed to determine the suitability of its Epanko graphite project, in Tanzania, for the production of Expandable Graphite Salt.

    The testwork is being conducted alongside the process design testwork for the Bankable Feasibility Study to support graphite sal..
  • Liontown Resources defines new drill target at Jubilee Reef

    Liontown Resources Limited has defined a new, high order gold target at the Simba prospect following a review of exploration data for the Jubilee Reef project located in Tanzania.

    The review defined a 1 kilometre South West and North East trending Target in Zone A, which remains open along strike and an extensive high order soil ano..
  • Merafe Resources appoints a new Non-Executive Director

    Merafe Resources Limited has announced the appointment of Shaun Blankfield as a Non-Executive Director of the Companys Board with effect from 13 May 2015.

    Blankfield is a qualified Chartered Accountant. He worked as a manager in the Corporate Finance and Accounting Advisory Services team at Deloitte, Sydney, Australia and is curren..
  • Sibanye Gold appoints a new Director

    Sibanye Gold Limited has announced the appointment of Jiyu Yuan as a Non-Independent Non-Executive Director of the Companys Board with effect from 12 May 2015.

    The appointment of Yuan is in accordance with a written agreement entered into between Sibanye Gold and Gold One International Limited for the acquisition by Sibanye Gold of..
  • Lomnin reports an increase in production of 72.0%

    Lomnin Plc has released its interim results for the six months ended 31 March 2015.

    The Company reported that it had been fatality free for 18 months and that its safety remains its top priority.

    Mining production for the period increased by 72.0% to 5.7 million tonnes from the ..
  • AngloGold Ashanti releases production update

    AngloGold Ashanti Limited has released its production update for the quarter ended 31 March 2015.

    The Company reported production of 969 000 ounces of gold, which exceeded guidance of between 900 000 to 940 000 ounces of gold. Total cash costs amounted to $744 per ounce, a decrease of 3% year-on-year, beating a guidance of between $..
  • Centamins gold production decreases

    Centamin Plc has released its unaudited results for the three months ended 31 March 2015.

    The Company reported gold production of 108 233 ounces, a decrease of 16% quarter to quarter and an increase of 46% when compared with gold production recorded in Q1 2014.

    Centamin recorded..
  • Endeavour Mining achieves gold production of 123 744 ounces

    Endeavour Mining Corporation has released its Q1 FY15 financial and operational results for the three months ended 31 March 2015. 

    The Company achieved gold production of 123 744 ounces and sales of 124 850 ounces, at a realised gold price of $1 218 per ounce.

    As at 31 ..
  • Kibaran Resources update on Merelani East deposit

    Kibaran Resources Limited has announced the maiden JORC compliant Mineral Resource Estimate for its Merelani East deposit located in Tanzania.

    The Mineral Resource Estimate totalled 17.2 million tonnes grading at 6.5% total graphitic carbon for 1 120 000 tonnes of contained graphite in the inferred category.
  • Aureus Mining Bea Mountain mining license to include Leopard Rock

    Aureus Mining Incorporated has announced its Bea Mountain mining license in Liberia has been enlarged to include the Leopard Rock gold target.

    The Company has reported that the Bea Mountain mining license has been increased from 457 kilometres2 to 478 kilometres2.
  • Cairn Energy submits evaluation plan

    Cairn Energy Plc has submitted a three year evaluation work plan to the Government of Senegal. 

    Included in the initial programme will be the three firm and three optional exploration and appraisal wells with drilling scheduled to start in Q4 2015 in Cairns new basin play offshore Senegal focused on the acreage around the ..
  • Kunene Resources re-commences drilling at Kaoko project

    Kunene Resources Limited has announced that it has re-commenced drilling at its Kaoko project in Namibia.

    The Reverse Circulation drill rig has been mobilised to the Okanihiva target. Phase 1 of the drilling will incorporate 7 Reverse Circulation holes for 1500 metres on top of the central and South West areas of the Okanihiva targe..
  • Weatherly International releases an operational update

    Weatherly International Plc has released an operational update for the third quarter ending 31 March 2015.

    The Company reported that the Tschudi mine and plant has became fully operational during the quarter, with the crushing and stacking section commissioned in January 2015 followed by the commencement of leaching which concluded ..
  • Minemakers delivers maiden Inferred Resource for Baobab Rock project

    Minemakers Limited has delivered its maiden Inferred Mineral Resource for the Gadde Bissik prospect, located in the Baobab Rock phosphate project in the Republic of Senegal.

    The Maiden Inferred Mineral Resource amounts to 68 million tonnes at 22% phosphorus pentoxide at an 18% phorphorus pentoxide cut-off. The 5 kilometer small min..
  • IMX Resources diamond drilling programme commences

    IMX Resources diamond drilling programme has commenced at its Chilalo graphite project in Tanzania.

    The drilling programme will contain 13 diamond holes with a targeted 1 400 metres of drilling to be completed. The programme aims to upgrade approximately half of the current high-grade Inferred Resource at Chilalo to the Measured and..
  • Tawana Resources discovers new high-grade mineralisation

    Tawana Resources NL has announced the discovery of new high-grade mineralisation at its Mofe Creek license in Liberia.

    The Company reported that the Zaway South prospect includes grades of up to 61.6% of iron, a Direct Shipping Ore mineralisation, as well as coarse-grained, friable itabirite mineralisation over a strike larger than ..
  • Paragon Diamonds set to acquire a 75% stake in Mothae project

    Paragon Diamonds Limited has signed a Memorandum of Understanding with Lucara Diamond Corporation that will see the company acquire a 75% stake in the Mothae kimberlite resource located in Lesotho.

    Paragon Diamonds expects to create significant value for its shareholders through the acquisition of the low cost project which will foc..
  • Premier African Minerals reports progress on RHA project

    Premier African Minerals Limited has been advised by Appropriate Process Technologies (Pty) Limited that the process plant for the RHA tungsten project in Zimbabwe has been completed and is ready for shipment.

    Furthermore, Darwin Strategic Limited confirmed that all the necessary conditions for the second tranche of funding totallin..
  • Oando Energy Resources revenue increases to $132.4 million

    Oando Plc has announced the financial and operating results for its wholly owned subsidiary, Oando Energy Resources Incorporation, for the quarter ended 31 March 2015.

    The Company reported an increase in production from 0.4 million barrels of oil equivalent to 5.0 million barrels of oil equivalent, the increase was as a result of th..
  • Ferrum Crescent to sell a 39% in its Moonlight project

    Ferrum Crescent Limited has signed a Memorandum of Understanding with Principle Monarchy Investments Limited whereby Principle Monarchy Investments will acquire a 39% stake in the Moonlight iron ore project in South Africa.

    Ferrum Iron Ore (Pty) Limited, a 97% owned subsidiary of Ferrum Crescent, holds the rights to the Moonlight ir..
  • DiamondCorp continues ramp up of the Lace mine

    DiamondCorp Plc has released an operational update for the underground development at its Lace diamond mine in South Africa.

    Development work being conducted at the Upper K4 block continues to be on schedule for the commencement of mining in H2 FY15, which is four months ahead of the original schedule.
  • Challenger Energy submits its Environmental Management Programme

    Challenger Energy has released its quarterly activities report for the period ending 31 March 2015.

    During the quarter, the Company submitted its revised Environmental Management Programme to the Petroleum Agency SA, putting in motion the 120 day approval process.

    The Company co..
  • Tawana Resources releases quarterly activities report

    Tawana Resource NI has released its quarterly report for its Mofe Creek iron ore project in Liberia for the three month period ended 31 March 2015.

    During the period under review,  Ellen Johnson Sirleaf, President of the Republic of Liberia, appointed the Inter-Ministerial Concessions Committee to negotiate Tawanas Resourc..
  • Kasbah Resources completes enhanced Definitive Feasibility Study

    Kasbah Resources Limited has released its quarterly activities report for the three month period ended 31 March 2015.

    The Company has received the final environmental acceptance for its Achmmach tin project, in Morocco, and further reports the key collective land rental agreement has been signed.

  • Sibanye Gold reports a 5% decrease in production

    Sibanye Gold Limited has released its operational update for the quarter ended 31 March 2015.

    Gold production for the quarter decreased by 5% to 9 808 kilograms as a result of the slower than normal start-up following the December holiday period.

    The Company reported underground..
  • The Waterberg Coal Companys Eskom project remains on hold

    The Waterberg Coal Company Limited has released its production report from its Waterberg coal project, in South Africa, for the quarter ended 31 March 2015.

    The Company reports that the project has confirmed coal resources of 3.883 billion tonnes with 2.070 billion tonnes of which being classified in the measured category.
  • Syrah Resources receives environmental license

    Syrah Resources Limited has received its environmental license for the Balama graphite project from the Ministry of Land, Environmental and Rural Development in Mozambique.

    Approvals for the Balama gaphite project received include a mining concession for a period of 25 years (renewable for an additional 25 years), a water license an..
  • Construction at Premier African Minerals RHA tungsten project on schedule

    Premier African Minerals Limited has released a construction progress update for its RHA tungsten project in Zimbabwe. 

    The Companys plant fabrication is on schedule for shipment from Johannesburg, South Africa to the RHA tungsten project in Zimbabwe. The first run of mine ore has been stockpiled and the mine recruitment p..
  • Kibo Mining hosts SEPCO III for a site visit to Tanzania

    Kibo Mining Plc has announced that following its Joint Development Agreement with SEPCO III, the Company hosted SEPCO III for a site visit to Tanzania. 

    The site visit allowed the SEPCO III team to become more familiar with the local operational and business environment in Tanzania as well as provided an opportunity to intr..
  • Edenville Energy raises 250 000 through share placement

    Edenville Energy Plc has placed a total of 625 000 000 new ordinary shares of 0.02 pence each at an offer price of 0.04 pence per share raising a total of 250 000.

    The proceeds from the placement will be put toward completing the mining license application process.

    The newly is..
  • Avocet Mining produces 86 037 ounces of gold for FY14

    Avocet Mining Plc has released its full year results for the period ended 31 December 2014.

    The Company produced 86 037 ounces of gold at a cash cost of $1 186 per ounce from its Inata project, in Burkina Faso.

    Avocet Mining maintained its safety and mining standards reporting t..
  • DRDGOLD reports a 16% increase in operating profit

    DRDGOLD Limited has released a production update for the third quarter and nine months ended 31 March 2015.

    The Company reported that gold production increased by 2%, quarter-on-quarter, to 36 877 ounces of gold in Q3 FY15.

    All-in sustaining costs for Q3 decreased quarter-on-qua..
  • Kumba Iron Ore reports a 7% increase in production

    Kumba Iron Ore Limited has released its production and sales report for the quarter ended 31 march 2015.

    The Company reported a production total of 12.2 million tonnes, representing and increase of 7% on Q1 FY14 and a quarter-on-quarter decrease of 2%.

    Total export sales volumes..
  • Northam Platinums Everest Part A acquisition becomes unconditional

    Northam Platinum Limited has announced that the Conditions Precedent of the sale for assets agreement with Aquarius Platinum Limited have been fulfilled, as a result the sale of Everest Minings assets has become unconditional.

    The acquisition is being carried out in two parts. Part A is the acquisition of Everests equipment and as..
  • Petmin reports a 35% increase in sale volumes

    Petmin Limited has released an operational update for the nine months ended 31 March 2015.

    The Company has reported that its Somkhele team is continuing to focus on safety and productivity improvements in order to lower costs and increase production and sales at the Somkhele anthracite mine in South Africa.
  • Kibaran Resources releases quarterly activities report

    Kibaran Resources has released its quarterly activities report from its projects in Tanzania, for the three month period ended 31 March 2015. 

    The Company reported that its the Bankable Feasibility Study continues to remain on schedule and within budget and is expected to be completed by the end of June 2015.
  • Botswana Metals provides Maiden Inferred Resource estimate

    Botswana Metals Limited has announced the Maiden Inferred Resource estimate for the Maibele North ore body in Botswana.

    The Inferred Resource was estimated to be 2.38 million tonnes at 0.72% nickel, 0.21% copper and 0.63 g/t 4 PGE (platinum, palladium, rhodium and ruthenium) and gold using a 0.3% nickel cut-off grade.
  • Intrepid Mines has commenced drilling at its Mumbwa project

    Intrepid Mines Limited has announced an activities update from its Mumbwa project in Zambia. 

    4 priority targets have been identified, as well as 7 secondary targets. The Company reported that 1 diamond drill rig is currently on site and drilling for the 2015 season has begun.

  • Regal Resources signs MOA with Ivanhoe Mines

    Regal Resources Limited has entered into a binding conditional joint venture Memorandum of Agreement with subsidiaries of Ivanhoe Mines.

    Under the agreement, Regal Resources will have an option to acquire 90% interest in a package of highly prospective tenements in the Democratic Republic of Congo.

  • Anglo American reports an increase in production for Q1

    Anglo American Plc has released a production update for the three month period ended 31 March 2015.

    The Company reported solid production performance for the quarter with iron ore production from Kumba increasing by 7% to 12.2 million tonnes. This increase is attributed to the improved productivity of the equipment at the Sishen min..
  • Petra Diamonds intends to offer $300 million notes issue

    Petra Diamonds Limited has announced the launch of $300 million notes in issue, increasing its senior lender debt facilities.

    The Companys lender group has accepted in principle to increase its debt facilities by $81.6 million to $302.4 million, along with certain amended availability and repayment terms. 
  • Coal of Africa releases its quarterly update

    Coal of Africa Limited has released an update for the quarter ended 31 March 2015. 

    During the quarter, the Company recorded no lost-time injuries.

    Coal of Africa reported that it has received approval for the amended and updated Environmental Authorisation for the Vele..
  • Rockwell Diamonds reports a 13% increase in production

    Rockwell Diamonds Incorporated has announced its production and sales update for the three months ended 28 February 2015.

    The amount of volumes of gravel processed increased from the previous year by 45% at the Middle Orange River operations to 0.9 million cubic metres. Gravel processed at the Saxendrift operations increased by 95% ..
  • BHP Billiton reports production growth of 9%

    BHP Billiton Plc has released an operations update for the nine month period ended 31 March 2015.

    Production for the group grew by 9% for the reporting period, with records achieved for 10 operations and five commodities. Over the two years to the end of FY15 the Company reported that it remains on track deliver a production growth ..
  • Harmony Gold releases production update

    Harmony Gold Mining Company Limited has released its production update for Q3 FY15.

    Restructuring of the Companys operations, for long term profitability, is ongoing with the Kusasalethu restructuring complete. The cost saving from the restructuring of the Kusasalethu mine will only be fully realised in the June quarter. Production..
  • Tawana Resources completes first phase of community consultation meetings

    Tawana Resources has released an update on its ongoing Environmental and Social Impact Assessment at the wholly owned Mofe Creek project  in Liberia.

    Over the past month, Tawana Resources, alongside its environmental and social consulting partners: Earth Systems and Earth Environmental Consulting, have been conducting commu..
  • Stellar Diamonds reports 5 087 carats achieved from trial mining

    Stellar Diamonds Plc has released an operational update from trial mining at its 75% owned Baoul kimberlite pipe in Guinea.

    The Company a total of 5 087 carats of diamonds at an average grade of 13.5 carats per hundred tons were produced from the project. The Company continues to recover high quality gems including stones of 12.6 c..
  • Base Resources releases quarterly activities report

    Base Resources Limited has released its quarterly activities report for the three month period ended 31 March 2014.

    During the period under review, the Company achieved 12 months without a lost-time injury at its Kwale Mineral Sands Operations in Kenya.

    In addition, the Company ..
  • Shanta Gold releases Q1 operational update

    Shanta Gold Limited has released its production and operational update for the quarter ended 31 March 2015. 

    The Company achieved gold production of 13 516 ounces, a decrease of 5 598 ounces when compared to the 19 114 ounces of gold produced in Q4 of FY14. During the period under review, ore production was affec..
  • West African Resources releases update on Mankarga 5 gold project

    West African Resources Limited has announced that the Bankable Feasibility Study on its Mankarga 5 gold project is currently underway in Burkina Faso.

    The Company has appointed Mintrex Consulting Firm as the lead consultant to manage the Mankarga 5 Bankable Feasibility Study that is expected to be completed by Q3 2015.
  • Hummingbird Resources reports robust economics for Yanfolia

    Hummingbird Resources Plc has released its operational update for Q1 FY15.

    The Company reported that the optimisation study released for Yanfolila has highlighted an increased size and extended life of mine as well as robust economics. At a gold price of $1 250 the Optimisation Study results showed a net present value of $72.4 milli..
  • Petra Diamonds reports an increase in production of 6%

    Petra Diamonds Limited has released its production and sales update for the three months ended 31 March 2015.

    The Company reported high levels of production with an increase of 6% from 743 424 carats in Q3 FY14 to 791 443 carats for the period under review. Production for the nine months to 31 March 2015 increased by 1% from the pre..
  • Kinetiko Energy and Badimo Gas form an incorporated joint venture

    Kinetiko Energy Limited and Badimo Gas (Pty) Limited have both signed a dispute resolution agreement whereby all disputes existing between the parties will be resolved and the parties will pool assets to form an incorporated joint venture in South Africa.

    Badimo Gas will hold a 51% stake in the resulting joint venture, Afro Energy, ..
  • Kibo Mining raises 1 500 000 in share placement

    Kibo Mining Plc has received commitments to a share placing of 25 000 000 new ordinary shares of 0.015 in the capital of the Company, at a placing price of 6 pence per share, to raise gross proceeds of 1 500 000 before expenses.

    Application will be made for the Placing Share to be admitted to trading on AIM and the JSE AltX market..
  • Regal Resources delivers Scoping Study results

    Regal Resources Limited has announced the completion of the Scoping Study for the Kalongwe project in the Democratic Republic of Congo.

    The aim of the study was to assess the technical and economic feasibility of developing a Heavy Media Separation Stage 1-starter project to produce high grade copper and cobalt concentrates.
  • Perseus Mining releases an update on its Feasibility Study

    Perseus Mining Limited has released the results of its revised Feasibility Study for the development of its Sissingue gold mine located in Cote dIvoire.

    The Company reported revised Measured and Indicated Mineral Resource of 880 000 ounces of gold and proven probable ore reserve of 429 000 ounces of gold production. Perseus Mining ..
  • Kibaran Resources raises $4.1 million for Epanko graphite project

    Kibaran Resources Limited has raised $4.1 million through an oversubscribed share placement of 24.4 million shares at 17 cents per share for its Epanko graphite project in Tanzania.

    The placement will include new Australian and international institutional shareholders.

  • Aureus Mining remains on track to deliver first gold by May

    Aureus Mining Incorporated has released an operational update from its New Liberty project in Liberia.

    The Company has started commissioning the plant and remains on track to deliver the projects first gold by the end of May 2015.

    The hot and cold commissioning phases, with spe..
  • Golden Rim Resources receives approval for the transfer of Balogo sale

    Golden Rim Resources Limited has announced that it has received approval from the Ministry of Mines and Energy in Burkina Faso for the transfer of the Balogo and Dabinya 3 permits from Golden Rim to MNG Gold Burkina Sarl.

    The transfer will be complete as soon as the Ministry issues the new permit documents in the name of MNG Gold Bu..
  • Hummingbird Resources releases an operational update

    Hummingbird Resources Plc has announced the commencement of grade control and infill drilling at its Yanfolila gold project located in Mali.

    The plan for grade control and infill drilling follows the exceptional drilling results from the project and is designed to further advance Yanfolila towards first gold production by H1 FY16 fo..
  • Rockwell Diamonds sells its Tirisano project for CAD 6.3 million


    Rockwell Diamonds Incorporated has reached an agreement to sell its non-core Tirisano project, located in South Africa, for CAD 6.3 million.

    In addition to..

  • Exxaro Resources CEO retires

    Exxaro Resources Limited has announced that on 31 March 2016 its Chief Executive Officer, Sipho Nkosi, will retire and be succeeded by Mxolisi Mgojo. 

    Mgojo is currently Exxaro Resources Executive Head - Carbon Operations and will serve as the Companys Chief Executive Officer designate from 1 May 2015 to 31 March 2016, wh..
  • Hummingbird Resources raises $8.9 million through share placement

    Hummingbird Resources Plc has announced the successful completion of a share placement raising $8.9 million. 

    The placing comprised of $3.9 million, through existing and new institutional investors at 30 pence per Placing Unit and a binding agreement, with BCM International, whereby BCM International will subscri..
  • Gulf Industrials raises a total of AUD 1 670 817

    Gulf Industrials Limited has successfully raised AUD1 670 817, through the first stage of its Capital Raising, by issuing a total of 417 704 390 shares at AUD 0.004 to sophisticated and otherwise exempt investors. 

    The Company reported that the second stage will be completed following the receipt of shareholder approval, wh..
  • Golden Rim Resources successfully raises AUD$1 Million

    Golden Rim Resources Limited has announced that it has effectively completed its recently announced fundraising.

    Golden Rim Resources announced a  two part placement on 25 February 2015, with the aim of raising up to AUD$1 050 680 before costs.

    The company issued 108 20..
  • Anglo Pacific Group places shares

    Anglo Pacific Group Plc has placed a total of 49 375 000 new ordinary shares of 2 pence each at Anglo Pacific Group at an offer price of 80 pence per share to raise aggregate proceeds of 39.5 million.

    The Placing Shares, which represent approximately 42.4% of the Companys issued ordinary share capital prior to the Equity Placing, ..
  • Buffalo Coal secures an additional loan facility

    Buffalo Coal Corporation secured an additional $4.0 million loan facility from Resource Capital Fund V L.P.

    During 2013 and 2014, restructuring initiatives were implemented throughout the Company and financing had been secured. However, the Company reported that current market conditions
    and operational perform..
  • StratMin Global Resources raises 900 000

    StratMin Global Resources Plc has completed the oversubscribed placing of 18 947 369 new ordinary shares of 4 pence each at a placing price of 4.75 pence per Ordinary Share with certain existing and new institutional investor.

    Through the placing, the Company conditionally raised, in aggregate, gross proceeds of 900 000. The Placin..
  • Firestone Energy receives AUD3.13 million in funds

    Firestone Energy Limited has announced it received AUD3.13million in cleared funds after costs of tranche 1 of the convertible notes financing as announced previously. 

    Tranche 1 is set to be issued to Four Oaks Credit Fund Limited and the number of convertible notes to be issued is 475 971 and 429 each worth AUD0.007 and c..
  • Central Rand Gold undertakes capital raising

    Central Rand Gold Limited is undertaking a placement and subscription and has announced that Redstone Capital Limited intends on exercising its warrants. 

    The Company will place 5 000 000 new ordinary shares and open an offer for subscription of 5 200 000 new ordinary shares at a price of 10 pence per share.
  • Coal of Africa restructures capital raising

    In August 2014, Coal of Africa Limited announced a capital raising through 695 million shares at an issue price of 0.055 which is to be implemented in a two stage process.

    The Company further announces that all participants of the capital raising have agreed to split the second stage.

  • OGI Group raises $6 million in equity

    OGI Group Limited has raised $6 million through the issuing of equity loans which will be converted into equity shares in January 2015 after the Extraordinary General Meeting. 

    The Company reported that the loans will convert to an effective price of $0.20 per share following a 1 for 67 consolidation of share capital. Due t..
  • Rockwell Diamonds secures $4.1 million convertible debentures

    Rockwell Diamonds Incorporated has completed an offering of two year unsecured convertible debentures with a principal amount of CAD4.1 million.

    The debentures offering has two insiders namely, Daboll Consultants Ltd as to CAD.0 million and Mark Bristow as to CAD1.1 million. 

  • Kibo Mining issues 1 750 000 new ordinary shares

    Kibo Mining Plc has issued 1 750 000 new ordinary shares at 1.5 pence per share to raise proceeds of 26 250.

    The total proceeds will be put toward settling an invoice in respect of advisory services used by the Company. 

    The Company will make an application for the set..
  • Wescoal Holdings acquires the Sarie Marais Prospecting Right

    Wescoal Holdings Limited entered into an agreement with Catwalk Investments (Pty) Ltd for the acquisition of the Sarie Marais Prospecting Right in South Africa. 

    The agreement includes a consent to undertake box cut mining.

    The purchase consideration for the ..
  • Jubilee Platinum acquires additional shares in Pollux Investment

    Jubilee Platinum Plc has acquired additional shares in Pollux Investment Holding Proprietary Limited, which has resulted in Jubilee Platinum attaining 100% ownership and maximising its beneficial interest in the ASA-Dilokong Chrome Mine Tailings project in South Africa. 

    Pollux Investment holds the rights for rec..
  • Sula Iron and Gold places 585 000 new ordinary shares

    Sula Iron and Gold Plc has conditionally raised 585 000 through a placement of 39 000 000 new ordinary shares of 1 pence each in the Company. 

    The Company intends to use the funds to progress its gold and coltan exploration activities in Sierra Leone to pre-drilling stage over the next six months. 
  • Baobab Resources secures a bridging finance facility

    Baobab Resources Plc has finalised the agreement for the $1.0 million unsecured and interest free bridging finance facility with African Minerals Exploration and Development Fund Sicar SCA.

    The Company will put the funds from the loan toward working capital and general corporate purposes.

  • Kibo Mining raises 855 725

    Kibo Mining Plc has received commitments to a share placing of 57 048 352 new ordinary shares at a placing price of 1.5 pence per share to raise a total of GBP 855 725

    Directors and Senior Management at Kibo Mining are participating in the Placement for a total amount of GBP 55 725.

  • Hummingbird Resources places shares

    Hummingbird Resources Plc has successfully placed 4 100 000 new ordinary shares at a price of 45 pence per share to raise 1 845 000.

    The Exploration Capital Partners 2000 Limited partnership subscribed to the 4 100 00 ordinary shares and now hold a 4.8% stake in Hummingbird Resources.

  • Kasbah Resources announces Rights Issue

    Kasbah Resources Limited has announced a Rights Issue whereby new shares will be offered at AUD0.07 per share with the aim of raising AUD8 314 165.

    The maximun number of shares that may be issued under the Rights Issue is 118 773 779.

    The Rights Issue will not be underwritten.&l..
  • LP Hill raises 405 000

    LP Hill Plc has successfully raised 405 000 through a subscription for new ordinary shares by an existing substantial shareholder, Kijani Resources Limited.

    The shares were sold at a price of 40.5 pence per share. The subscribed shares are worth 2.54% of LP Hills enlarged issued share capital and are subject to admission for tradi..
  • MOD Resources raises AUD2 million

    MOD Resources Limited has raised AUD2 million in a two tranche placement, following the recent positive results from the companys Kalahari copper project in Botswana. 

    The company plans to use the funds from the placement for infill and extensional drilling programmes at its 100% owned Mahumo copper/silver project, in Bots..
  • Bushveld Minerals acquires an additional interest in Lemur Resources

    Bushveld Minerals Limited has agreed to acquire an additional 10 000 000 shares in Lemur Resources Limited.

    Following the completion of the acquisition, Bushveld Minerals will hold 114 697 097 ordinary shares or 57.21% of the issued share capital of Lemur Resources.

    In considera..
  • Coal of Africa places shares

    Coal of Africa Limited has opened a private placement to new and existing investors with the aim of raising approximately GBP38.225 million.

    The company will issue up to 695 000 000 new shares at a price of GBP0.055 per share. 

    The placement will be carried out in two s..
  • Golden Rim Resources raises AUD3 million

    Golden Rim Resources has signed a non-binding Indicative Term Sheet with Sprott Private Wealth LP to raise approximately AUD3 025 000.

    The term sheet outlines that Sprott Private Wealth will acquire a minimum of 230 million ordinary shares and a maximum of 275 million ordinary shares at an issue pric..
  • Avocet Mining places shares

    Avocet Mining Plc has placed 9 950 000 new ordinary shares with existing investors at a price of 7.13 pence per share to raise approximately $1.2 million.

    The issue price for the shares represents a 5% discount to the closing price of 7.51 pence per share on 13 August 2014.

    The ..
  • Delrand Resources closes private placement

    Delrand Resources Limited has closed its non-brokered arms length private placement of 500 000 units at a price of CAD0.50 per unit for proceeds amounting to CAD250 000.

    Each units includes one common share in Delrand Resources and a half of one warrant of the company. Each full warrant entitles the..
  • Marenica Energy successfully completes share purchase plan

    Marenica Energy Limited has raised a total of AUD 400 000 through a share purchase plan that allowed existing shareholders to subscribe for new ordinary shares at an issue price of AUD 0.0016.

    The share purchase plan was strongly supported by the Directors and Management of Marenica Energy. The companys Chief Executive Officer, Mur..
  • Afarak Group issues shares to vendors

    Afarak Group Plc has announced its resolution to issue 11 130 434 new ordinary shares to the vendors of its 90.0% owned subsidiary, Mogale Alloys.

    The group originally acquired Mogale Alloys in May 2009 and agreed to settle its ongoing dispute with the subsidiarys vendors. As part of the agreement the group paid R177 million to the..
  • Eastern Platinums share consolidation approved

    Eastern Platinum Limited has received approval from the Toronto Stock Exchange to proceed with its stock consolidation and stock split. 

    The company will now proceed with the consolidation of its common shares on a 1 000 old for 1 new basis. Shareholders holding less than one full share post-consolidation are entitled to a ..
  • Kibo Mining places shares to raise 600 000

    Kibo Mining Plc has received commitments to a share placing of 34 285 714 new ordinary shares at a placing price of 1.75 pence per share to raise 600 000.

    All the Directors of Kibo Mining will be participating in the placing for a cumulative amount of 100 000. The delivery of 7 285 714 shares will be deferred..
  • Tawana Resources concludes share purchase plan

    Tawana Resources Nl has concluded its share purchase plan and raised AUD346 783 million through the placement of 13 871 344 shares. 

    Funds raised from the share purchase plan, together with the funds raised from the AUD5 million share placement completed in April 2014, will be used to advance the design, engineering, enviro..
  • Royal Bafokeng Platinum successfully completes Rights Offer

    Royal Bafokeng Platinum has advised shareholders of the successful completion of the Rights Offer originally announced in March 2014.

    The company aimed to raise approximately R1.5 billion for the Styldrift I project, in South Africa. An amount of R700 million was successfully raised through an accele..
  • DiamondCorp places new shares to raise 2.1 million

    DiamondCorp Plc has placed 41 526 000 new ordinary shares of 0.1 pence each in order to raise approximately 2.1 million. 

    The placing of the shares was undertaken with a range of new and existing institutional and private investors in South Africa and the UK. The placement comprises of 5 00..
  • Redstone Capital exercises rights under Central Rand Gold Option Agreement

    Central Rand Gold Limited has received confirmation from Redstone Capital Limited regarding the proposed share option take up.

    Redstone Capital agreed to take up the companys rights under the Option Agreement and will be subscribing for 23 991 300 ordinary shares at a price of 8.78 pence per Ordinary Share. The subscription is for ..
  • Jubilee Platinum to convert loan notes into equity


    Jubilee Platinum Plc has received a notice of exercise by Darwin Strategic Limited to convert a further 450 000 of Darwin Strategics 1.85 million Convertible Loan Notes into equity.


  • Central Rand Gold publishes results of Open Offer

    Central Rand Gold Limited has reported that 7 396 783, or 38.53%, of the shares available through the companys recent Open Offer have been applied for by qualifying shareholders.

    The remaining 11 799 282 shares not applied for under the Open Offer will be taken up by Placees under the companys Placement and Subscription terms. A t..
  • Beacon Hill Resources issues shares following exercise of conversion rights

    Beacon Hill Resources Plc has received a notice of exercise to convert 320 000 of Darwin Strategic Limiteds convertible loan note into ordinary shares.
    30 698 388 ordinary shares are to be issued and an application has been made to allow the conversion shares, which rank pari passu with existing ordinary shares, to  be ad..
  • Sula Iron & Gold issues shares

    Sula Iron & Gold Plc has issued 1 650 000 new ordinary shares at 1 pence each.

    The issue of equity follows the exercise of 1 650 000 warrants granted in October 2013. Sula Iron & Gold received valid notices of exercise as well as funds of 49 500 which represent the exercise price of 3 pence per share.
  • Peak Resources extends closing date of entitlement issue

    Peak Resources Limited has extended the closing date for its current non-renounceable entitlement issue.

    In December 2013, Peak Resources offered a non-renounceable entitlement issue of approximately 55 111 377 fully paid ordinary shares and has extended the closing date from 13 January 2014 to 20 January 2014. The offer was for one..
  • Wesizwe finalises definitive funding for its Bakubung Platinum mine

    In January 2013, Wesizwe Platinum Limited announced that China Development Bank had granted the company a $650 million loan facility for the Bakubung Platinum mine in South Africa.

    The loan was subject to certain conditions which have now been met..
  • Forbes Coal secures $19 million funding package

    Forbes & Manhattan Coal Corporation has secured a funding package from Resource Capital Fund V L.P, comprising of a bridge loan and a convertible loan, totaling $19 million.

    The bridge loan amounts to $4 million and is to be put toward general working capital requirements of the companys Dundee operations in
  • Stonewall Resources places 20 000 000 shares

    Stonewall Resources has announced the successful completion of a 20 000 000 share placement to a sophisticated investor at an issue price of $0.20 per share.

    The funds raised will be put toward the companys general working capital requirements and the working capital requirements of its subsidiary, Stonewall Mining Ltd, until the t..
  • Tlou Energy successfully raises AUD13.4 million

    Tlou Energy has announced the completion of the retail component of its 1 for 4 accelerated non-renounceable entitlement offer.

    The retail component raised approximately AUD4.8 million while the placement and institutional components, completed on 6 December 2013, raised an estimated AUD8.6 million. The total AUD13.4 million raised ..
  • Jubilee secures funding for Middleburg operations

    Jubilee Platinum Plc has conditionally placed convertible loan notes to Darwin Strategic Ltd.

    The total principal par value amounts to 1.85 million before expenses. The company plans to utilise the proceeds to fund the commissioning of the 3rd ARC furnace at the Middleburg Smelters, in
  • Stellar Diamonds raises 0.31 million

    Stellar Diamonds Plc has raised 0.31 million, before expenses, through a subscription of 28 628 545 new ordinary shares at a price of 1.1 pence each.

    Investors who participated in the subscription have also been issued with warrants to subscribe for 28 628 545 new ordinary shares at a price of 1.1 pence per share. The warrants will..
  • Aureus Mining signs project finance loan facility agreement

    Aureus Mining Incorporated has signed a $88 million project finance loan facility agreement with South African banks Nedbank Limited and Rand Merchant Bank. In addition, the company has signed a $12 million subordinated loan facility agreement with RMB Resources.

    The loan facilities will be used to finance the development of the New..
  • Minbos close to completing financing arrangements

    Minbos Resources Limited has announced that it is close to completing financing arrangements to raise an additional $300 000 through the issuance of convertible notes to a collection of sophisticated investors.

    The convertible notes are being issued under an $800 000 facility, $500 000 of which has already been advanced to the compa..
  • Bushveld Minerals exercises share warrants


    Bushveld Minerals Limited has announced that it will be exercising 720 000 warrants into ordinary shares.

  • Aureus Mining closes share placement offer

    Aureus Mining Incorporated has closed its offering of 30 900 000 common shares at a price of 0.32 per share to raise approximately 9.9 million.

    The offering was completed by a sydicate of underwriters led by GMP Securities L.P., acting as Bookrunner.

    The net proceeds raised wi..
  • Tawana Resources aims to raise $2.9 million

    Tawana Resources NL has successfully agreed terms for a placement of 244 million shares to raise approximately $2.9 million.

    The shares will be issued at a price of $0.012 per share to new and existing investors and various institutions.

    Funds generated from the placement will b..
  • African Eagle raises 300,000 in ordinary share placement

    African Eagle Resources Plc has successfully raised 300,000 through the placing of new ordinary shares.

    The Placement is conditional on admission of the shares to the AIM and was for a total of 171 428 571 new ordinary shares at a price of 0.175 pence per share.

    The price repre..
  • Mwana Africa raises US$3.2m

    Mwana Africa Plc has raised approximately US$3.2 million through a subscription of 130,254,717 new ordinary shares by existing shareholders of the company at a price of 1.57p.

    China International Mining Group Corporation and Ning Yat Hoi have subscribed for 45,271,457 and 84,983,260 Subscription Shares respectively. These represent ..
  • Paladin Energy successfully raises AUD88 million

    Paladin Energy Limited has successfully raised AUD88 million following a private placement to institutional investors and accredited investors of 125.6 million ordinary shares.

    The placement, priced at AUD0.70 per share, comes after the company decided to postpone the sale of their Lager Heinrich uranium mine in
  • African Mining & Exploration to expand targets following 0.5m investment

    AIM listed minerals exploration and development company, African Mining & Exploration, has announced a 0.5m capital raising by newly appointed Director, David Archer.

     Archer, who has also been appointed Technical Project Leader, made the equity investment in the company allowing the company to focus on the acquisi..
  • Wescoal declares 3% maiden dividend after revenue increase


    Wescoal Holdings Limited has released its results for the financial year ended 31 March 2013.

    Revenue increased by 7.3 % which amounts to R676, 9 million, as reflected in their statement of financial position, despite the challenges the company faced during th..

  • Select Exploration seek to raise $0.83m in rights issue

    ASX listed Select Exploration Limited has announced a pro-rata renounceable rights issue offer to its shareholders, in an effort to raise $831 090.

    Under the rights issue, eligible shareholders will have the right to subscribe for two new shares for every one held at $0.01 per share. Funds raised will be utilised to further ongoing ..
  • West African Minerals issues new ordinary shares

    Iron ore miner and explorer, West African Minerals Corporation, has issued an additional 166 666 new ordinary shares. 

    The shares were issued at a price of 0.25 each and will be admitted to trade on Londons AIM Exchange on 26 June 2013. 

    The company holds <..
  • Stratmin issues new ordinary shares

    AIM Listed producer and explorer StratMin Global Resources Plc, has issued 126 620 new ordinary shares at 0.04 each.

    The shares were issued to satisfy certain existing commitments and are set to commence trading on 17 June 2013, after which the companys total ordinary shares issued will amount to 60 523 317 shares.
  • Diamcor Mining announces private placement

    Diamcor Mining Incorporated has announced its intention to undertake a non-brokered private placement of up to 1 500 000 units.

    The units are comprised of one common share and half of one common share purchase warrants. A whole common share purchase warrant entitles the holder, for a period of 36 months following issuance, to purcha..
  • Celamin Holdings raises $5.45 million to advance phosphate project

    Celamin Holdings Plc announced the completion of its capital raising bid for $5.45 million at $0.15 per share. 

    The target was reached following the receipt of $1.495 million from Avery International, which now holds a 17.6% stake in the company.

    The company intends to ..
  • Paragon Diamonds subscription to raise 1.55 million

    Paragon Diamonds Limited has announced that it has conditionally raised 1.55 million through a subscription by current and new shareholders for a total of 31 000 000 ordinary shares of 1p at 5p each.

    The subscription will be handled in two stages, the initial stage being the issue of 28 200 000 shares under the companys existing a..
  • Randgold Resources secures $200 million credit facility

    Randgold Resources Limited has announced that the company has entered into a $200 million unsecured revolving credit facility with HSBC, Barclays, Citibank and Standard Chartered.

    HSBC acted as the sole book runner with the other three banks acting as mandated lead arrangers. The terms of the credit facility are favourable to the co..
  • Progress on financing for Firestones Liqhobong mine

    Firestone Diamonds Plc has released an update concerning its on-going finance initiatives for the Main Treatment Plant (MTP) at its flagship Liqhobong diamond mine in Lesotho.

    The mandate has been signed with a leading international bank to take the lead..
  • Volta Mining to raise AUD1m to fund iron project in Gabon

    West Africa focused iron miner, Volta Mining Limited, plans to raise AUD1 million to fund the completion of its drilling activities at the Mbombo iron project in Gabon.

    The company will undertake a share purchase plan to eligible shareholders in conjunct..
  • Continental Coal completes strategic financing transaction with Village Main Reef

    Continental Coal Limited has announced today the settlement of the strategic financing transaction with Village Main Reef Limited.

    Continental Coal has received the AUS$8 million from
  • North River raises 1 million to fund Namib project

    North River Resources Plc has conditionally raised gross proceeds of approximately 1 million through the issue of 285 714 300 new ordinary shares, at a price of 0.35 pence per share.

    The funds raised will allow North River to accelerate the process of re-opening the Namib lead-zinc mine in
  • DiamondCorp Plc issue of equity

    DiamondCorp Plc has issued 1 500 000 new ordinary shares for 3 pence each in the capital of the company to a financial advisor as a success fee for introducing Laurelton Diamonds Inc., a subsidiary of Tiffany & Co. Laurelton Diamonds has completed a diamond off take agreement with DiamondCorps 74% o..
  • StratMin issues 17 499 new shares

    StratMin Global Resources Plc has announced the issue of 17 499 new ordinary shares. 

    The London listed graphite explorer and producer issued the shares at 4 pence each in relation to an exercise of warrants.

    The companys total ordinary shares will amount to 60 396 997..
  • Nyota Minerals completes its Tranche 2 Placement

    Nyota Minerals Limited has announced the completion of Tranche 2 of its 4 000 000 placement with new institutional investors and current shareholders, including Centamin Plc and Resource Capital Fund V LP.

    After the General Meeting (4 April 2013) and the receiving of 2 100 000 of Tranche 2 funds, the company released 105 000 000 o..
  • Implats seeks approval for specific issue of shares and settlement of convertible bonds

    On Friday 15 February 2013, Impala Platinum Holdings Limited announced to shareholders its accelerated bookbuild offerings relating to the companys US$ and ZAR convertible bonds. The offerings were as follows: Implats would issue 1.0% convertible bonds due in February 2018 in a nominal amount of US$200 million and the company would also issue 5.0% convertible bonds due in February 2018..
  • Goldstone Resources enters into a joint venture with Randgold Resources

    Goldstone Resources Limited has entered into an agreement with Randgold Resources Limited to form a joint venture in the exploration and potential development of the Sangola gold project in Senegal.

  • Continental Coal shareholders approve transaction with Village Main Reef

    Shareholders of South African thermal coal production, development and exploration company, Continental Coal Ltd, have today approved Village Main Reef Ltds strategic investment in the company. Village Main Reef is a South African Based diversified mining company with
  • Noble and Resource Generation establish strategic partnership

    Resource Generation Ltd has placed 21 352 350 ordinary shares at 40 cents per share to Barsington Ltd which is a wholly owned subsidiary of the Noble Group.  The Noble Group now holds 7.5% of the company.

    The Noble Group has granted the compan..
  • Firestone Energys restated investment agreement terminated

    Firestone Energy Ltd has been in negotiations for the setting of a revised date for the second stage completion under the guidelines of the Restated Investment Agreement with Ariona SA, BBY Nominees (Pty) Ltd and Jaguar Funds Management Ltd. 

    Negotiations were expected to be resolved by 28 March 2013 and since no resolution..
  • Range River Gold secures AU$35m loan and completes Ariona acquisition

    Range River Gold Limited has secured a AU$35 million convertible loan facility from Standard Bank, South Africa.
    This led to the completion of Range River Golds acquisition of Ariona Company SA, which took place on 28 March 2013. As a result, Ran..
  • Golden Rim Resources closes $2.27 million rights issue

    Golden Rim Resources Limited closed its rights issue with shareholders taking up 23 144 250 shares representing 33 656 442 shares in shortfall. The total raised from the issue will amount to $2.27 million.

    Through the issue, ordinary shareholders were given the opportunity to purchase one ordinary share for every nine held at an iss..
  • Avocet Mining secures funding for growth projects

    Avocet Mining Plc has concluded financing discussions with Macquarie Bank and the companys largest shareholder Elliot Management, which holds a 27% interest.

    The company managed to secure financing to fund its 2013 activities at its key growth projects in
  • Coal of Africa signs co-operation agreement

    Coal of Africa Limited is pleased to announce the finalisation of the co-operation agreement with Haohua Energy International (HEI), a subsidiary of Beijing Haohua Energy Resource Co. Limited (BHE). 

    BHE is based in Beijing and is involved in the mining, washing, exporting and sale of
  • Aureus Mining in talks with Nedbank and RMB over US$ 108 million loan

    Aureus Mining Inc has approached Nedbank and RMB to assist in arranging a Project Debt Finance Facility to the tune of US$100 million accompanied by a Cost Overrun Facility of up to US$8 million.

     Both banks have knowledge and experience in the mining finance field and will approach the Export Credit insurance Corporation o..
  • Resgen considers alternative options to fund Boikarabelo mine

    Resource Generation Limited has expressed its intention of finding alternative sources to fund its AU$530 million Boikarabelo coal project.

    This comes after the company received credit approvals from its mandated credit providers that included commer..
  • Village Main Reef enters funding agreement with Continental Coal

    Village Main Reef Limited has entered into a binding funding agreement with Continental Coal Limited, a South African thermal coal production, development and exploration company, listed on the ASX and AIM, pursuant to which:

  • Beacon Hill to raise $25 million through cash placement

    AIM and ASX listed coal producer Beacon Hill Resources Plc has announced its intention to raise between $15 million and $25 million through the placement of new ordinary shares at 0.25 pence per share.

    The shares will be issued in two tranches, with the second tranche being subject to shareholders approval. The capital raised will ..
  • Kenmare reports 40% increase in preliminary FY12 revenue

    Kenmare Resources Plc has reported positive preliminary year end results for the 2012 financial year. 

    The London listed mining and exploration company operates the Moma titanium mine in Mozambique. Revenue was up 40% to $234.6 million in FY12 compared to $167.5 million in 2011, profits climbed from $23.7 million in FY11 to..
  • Kaboko Mining completes funding for development of Zambian projects

    Kaboko Mining Limited has announced the completion of the final tranche of the $10 million Prepayment Debt facility and long term off-take agreement with Noble Resources International Pte Ltd.

    The company received the remaining $3 million of the $4.5 million tranche of the financing facility, following the successful completion of d..
  • Kaboko completes documents for balance of funding

    Kaboko Mining Limited has advised that it is continuing its work with Noble Resources International (Pty) Ltd to conclude completion matters for the advance of $3 million. This makes up the balance of funding under Tranche A for a $10 million Prepayment Debt Facility and long term manganese ore Off-Take Agreement. 

    The comp..
  • African Minerals additional listing on exercise of share options

    African Minerals Limited has announced that it has issued and allotted 75 000 new common shares of US$0.01 each pursuant to the exercise of share options.

    After these shares have been issued, the company will have 331 300 862 common shares in issue. African Minerals Limited is focused on the exploration of
  • Implats issues R1, 775 billion convertible bonds for Rustenburg operations

    Impala Platinum Holdings Limited (Implats) has announced that it will be issuing R 1, 775 billion senior unsecured bonds due in 2018. The bonds will be issued at par, and will be offered to institutional investors only. They are expected to carry a coupon of between 5% and 5.5%.

    The offering is subject to approval by Implats share..
  • Coal of Africa receives approval for a US$80.0 million Conditional Placement

    Coal of Africa Limited has received approval from the Australian Foreign Investment Review Board, the authorities in the Peoples Republic of China and shareholders for the Conditional Placement from Haohua Energy International (Hong Kong) Co. Limited (HEI).

    The placement of US$80.0 million was approved at the Extraordinary General ..
  • Jubilee Platinum issues shares for equity

    AIM and JSE listed platinum miner Jubilee Platinum Plc, has announced its intention to issue a total of 7 679 730 ordinary shares at 1 pence each. 

    Of the total ordinary share issue, 6 187 765 shares will be utilised as consideration to increase Jubilees shareholding from 9.5% to 68.1% in its subsidiary, Power Alt (Pty) Lt..
  • Chinese bank approves Wesizwes $650m loan for platinum project

    The China Development Bank has approved a $650 million loan to JSE listed Wesizwe Platinum Limited, for the advancement of their Bakubung platinum project.
    The project, which is located in the Western Limb of South Africas
  • West African Minerals: Issue of equity

    West African Minerals Corporation has announced the allotment of 95 500 new ordinary shares of no par value, in accordance with the exercise of 95 500 options at a price of 13.62 pence each. The new shares will have equal value to existing ordinary shares. An application to be traded on London AIM Exchange will be made for these new ordinary shares; admission is expected on 10 January 2..
  • Thor Explorations: Private placement

    Thor Explorations Limited has announced the closing of a non-brokered private placement. $224 493 was raised through the private placement and the company will use the gross proceeds for exploration activities at the companies gold projects in